Please note this site has financial relationships with American Express and this post may contain affiliate links. Read my Advertiser Disclosure policy here to learn more about my partners.
The no-annual-fee Chase Freedom credit card offers 5x points earning in quarterly rotating bonus categories (up to $1,500 cap per quarter), but you have to remember to activate the 5x bonus categories each quarter or you don’t earn the bonus points. The deadline to activate the second quarter 5x bonuses of restaurants, Overstock.com, and Bed, Bath, and Beyond is tomorrow – Sunday June 14th, so if you have not already activated the bonus, be sure to do it now before it is too late. As long as you activate the bonus by tomorrow it is retroactive back to the beginning of the quarter on April 1st.
Chase Freedom®: Temporarily Increased – 20,000 points (aka $200 in cash) after spending $500 in the first three months + 2,500 points for adding an authorized user who makes a purchase in the first three months.
Another deadline coming up with the Chase Freedom is less than two weeks away (on June 24th), when the temporarily increased sign-up bonus of 20,000 points after you spend $500 in the first three months likely drops back to 10,000 points after you spend $500 in the first three months. Remember that on top of those amounts, you can get another 2,500 points for adding an authorized user when they make a purchase in the first three months.
You see this card marketed as $200 dollars, but that also equates to 20,000 Ultimate Reward points you can transfer 1:1 to hotel and airline partners such as United, Hyatt, British Airways, Singapore Airlines, Marriott, IHG Rewards, Southwest and more if you or your spouse also have the Ink Bold Business Charge Card, Ink Plus Business Credit Card, or Chase Sapphire Preferred® Card.
If you already have the card yourself, some people have had the increased offer available via the Chase Refer-A Friend website which enable yous to get 5,000 bonus points for each referred and approved friend or family member.
Looking ahead, know that beginning on July 1st the 5x bonus categories will be “gas stations” and more. I imagine we will discover the “and more” part of the equation in the next few days as activation opens for the third quarter.
Track Your 5x Spending:
While we are on the topic, this is a good time to check your progress toward the $1,500 5x quarterly max for this quarter. To do so there are a few options, but I like to use the BluePrint feature in my online Chase account to have a good idea of spending in the bonus categories. Here I can quickly track how much I have spent in restaurants in recent months on my Chase Freedom.
I would add to that spending at Overstock.com and Bed, Bath, and Beyond to see how much more I could spend before I hit the $1,500 5x quarterly max. In my case I may be visiting the gift card section at Bed, Bath, and Beyond in the near future since my restaurant spending isn’t going to likely hit $1,500 these three months. More on that gift card rack in a future post…
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.